NASDAQ$ZNTL

Zentalis Pharmaceuticals Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Zentalis reported its financial results for the fourth quarter and full year 2022, highlighting progress in its clinical programs and financial position.

Zentalis Pharmaceuticals reported a cash balance of $437.4 million as of December 31, 2022, projecting a cash runway into Q2 2025. The company is focused on advancing its clinical development strategy for azenosertib and ZN-d5.

  • On track to declare monotherapy RP2D for azenosertib in 1H 2023.
  • Pursuing Cyclin E1 as a patient enrichment strategy for azenosertib monotherapy in ovarian cancer.
  • Initiated enrollment in Phase 1/2 azenosertib + BEACON regimen combination study in BRAF V600E mutated mCRC.
  • Enrollment ongoing in clinical trials investigating ZN-d5 in (AL) amyloidosis.

Headline financials

EPS (adj)

-$0.92

Previous: -$1.11+17.1%
Capital Expenditures

$160K

Previous: $2.19M-92.7%
Free Cash Flow

-$37.5M

Previous: -$39.2M+4.4%
Net Income

-$48.2M

Previous: -$50.1M+3.9%
Operating Income

-$51.8M

Previous: -$48.2M-7.4%
Cash & Equivalents

$437M

Previous: $340M+28.7%
Total Assets

$539M

Previous: $455M+18.7%
Stock-Based Comp

$9.61M

Previous: $8.47M+13.5%

Revenue & EPS history

Zentalis · Revenue · Quarterly

$0

Q3 2025
Beat estimate in 1 of 1 quarters(100%)
ActualEstimate

Forward guidance

Zentalis is focused on several key milestones in 2023, including declaring the RP2D for azenosertib, advancing the Cyclin E1 enrichment strategy, presenting clinical data for ZN-d5, and continuing enrollment in ongoing clinical trials.

Tailwinds

  • Declaring a monotherapy RP2D for azenosertib in the first half of 2023.
  • Presenting Cyclin E1 preclinical data in the first half of 2023.
  • Reporting results from the Phase 1b chemotherapy combination clinical trial in ovarian cancer in the second half of 2023.
  • Announcing interim clinical data and declare the RP2D for the Phase 1/2 monotherapy clinical trial of ZN-d5 in relapsed or refractory light chain (AL) amyloidosis in the second half of 2023.
  • Providing preliminary data from the Phase 1/2 combination study of ZN-d5 and azenosertib in AML in the second half of 2023.

Headwinds

  • Limited operating history may make it difficult to evaluate the business and predict future success.
  • The company has and expects to continue to incur significant losses.
  • The company needs additional funding, which may not be available.
  • Substantial dependence on the success of lead product candidates.
  • Potential unforeseen events during clinical trials could cause delays or other adverse consequences.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 2022

-1.7%

Avg return

Earnings day

-2.2%

Avg return

5 days after

+2.4%

Avg return

30 days after

58%

14 / 24 earnings

Positive

+14.5%

Q1 2023

Best reaction

-43.0%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.9%-1.7%
Q4 2025+3.1%-3.7%+49.1%
Q3 2025+6.2%+0.8%+9.8%
Q1 2025-2.5%+3.3%+10.7%
Q4 2024-12.6%-15.0%-23.5%
Q3 2024-2.7%-13.9%-22.3%
Q2 2024-8.8%-12.5%-10.6%
Q1 2024+6.1%+7.0%-5.5%
Q4 2023+10.0%+8.5%+11.9%
Q3 2023-43.0%-45.0%-33.1%
Q2 2023+5.3%+11.2%-0.5%
Q1 2023+14.5%+22.8%+2.7%
Q4 2022+1.2%-2.1%-9.1%
Q3 2022-14.1%-4.3%-17.4%
Q2 2022-0.1%-7.3%-8.1%
Q1 2022-16.4%-24.7%+1.3%
Q4 2021+7.6%+5.7%-3.2%
Q3 2021+0.8%-1.0%-8.8%
Q2 2021+4.9%+7.1%+39.0%
Q1 2021-4.6%-1.3%-9.0%
Q4 2020+1.4%-0.7%+45.7%
Q3 2020-5.6%-2.1%+36.3%
Q2 2020+1.0%+7.2%-10.6%
Q1 2020+4.5%+8.2%+10.5%
Q4 2019
Q3 2019
Q2 2019
Q1 2019

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